Port Elgin Real Estate, Southampton (Saugeen Shores), Paisley, Tiverton, & Kincardine
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Port Elgin and Area Real Estate News
Updates on the Port Elgin, Southampton (Saugeen Shores), Paisley, Tiverton, & Kincardine real estate market, home buyer & seller tips and general real estate advice.
Home prices push higher amid ongoing supply shortage.
Residential sales activity in the geographical area covered by the REALTORS® Association of Grey Bruce Owen Sound totaled 268 units in June 2019. This was a decrease of 17.3% from June 2018.
On a year-to-date basis, home sales totalled 1,246 units over the first six months of the year, down 13.7% from the same period in 2018.
The average price of homes sold in June 2019 was $389,023, jumping 14.2% from June 2018. The more comprehensive year-to-date average price was $374,513, up 9.8% from the first six months of 2018.
New residential listings in the region numbered 492 units in June 2019. This was an increase of 10.1% on a year-over-year basis. While this was up from the June 2018 figure, it was otherwise the lowest June level in more than 15 years.
Overall supply remains near record lows. Active residential listings numbered 1,067 units at the end of June. This was an increase of 10.7% from the record low at the end of June 2018 but was still only half the long-term average for this time of the year.
Months of inventory numbered 4 at the end of June 2019, up from the 3 months recorded at the end of June 2017 and June 2018 but below every other year and less than half the long-run average of 9.2 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The dollar value of all home sales in June 2019 was $104.3 million, down 5.5% from the same month in 2018. Sales of all property types numbered 345 units in June 2019, down 7.8% from June 2018. The total value of all properties sold was $131.6 million, edging up 3.2% from June 2018.
Stay cool and score some huge savings this summer!
Air conditioning is great to have when things heat up but it can be very expensive and it’s also bad for the environment. Here are a few tips to help you keep your cool without having to turn on the A/C:
- Cross-wind – Place a fan near your window to help create a cooling cross breeze.
- Treehouse – Plant deciduous trees on the east and west sides of your home as the leaves will provide shade.
- Sunny Side Down – The sun lets in a lot of heat so close your blinds on any windows that receive direct sunlight.
- Biggest Fan – Set your ceiling fans to rotate counterclockwise in the summer as they’ll help pull hot air up towards the ceiling.
- Appliance Smarts – Use the BBQ or crock pot instead of turning on the oven and wait until the evening to run the dryer and dishwasher.
No one wants to overheat during the dog days of summer but by making a few small changes, you’ll be able to stay as cool as a cucumber while saving the planet and some cash!
The ability to successfully negotiate can be a real game changer!
Real estate agents use their negotiation skills to help both parties move towards a common goal. They are, however, an important skill that everyone can take advantage of.
The principles are the same whether you’re negotiating a raise with your boss or a curfew with your teenager. Here are a few techniques to consider:
- Silence is Golden – Don’t say anything after making an offer. This gives the other party a chance to think but more importantly, it forces them to break the uncomfortable silence.
- Cash or Charge? – If your child hates doing their homework, simply ask “Would you like to do your homework before or after dinner?” Instead of excuses, they’ll just pick an option.
- Plan B, C and D – It’s important not to paint yourself into a corner so always leave yourself options so that you’ll be able to pivot in another direction if things don’t initially go your way.
- Feel, Felt, Found – This technique recognizes the other party’s objection and then offers a solution. “I know how you feel. I felt the same way when I had to go to bed early but the next day, I found I had way more energy!”
Life can sometimes be a challenge but honest communication and the ability to negotiate can turn virtually any circumstance into a win-win situation!
Negotiating is a huge part of an agent’s skill set, so when it comes to buying or selling a home, be sure to have an expert on your side to help you overcome the various challenges that may arise.
There’s nothing better than grilling a steak in the great outdoors!
The sizzle and aroma of a BBQ is a sure sign that summer’s just around the corner. No one likes a dry, overcooked steak, so here are a few tips to ensure your steak gets grade A treatment:
- Plan Ahead – Bring the steak to room temperature before throwing it on the grill.
- Fire it Up – A hot grill results in a juicer steak so always preheat your BBQ.
- Don’t Poke – Never cut into a steak to see if it’s done as the juices will escape.
- Rest Easy – Let it rest for 5 minutes under tented foil to allow the juices inside to redistribute.
The type of beef obviously makes a huge difference to the taste but many experts say that marbling, which are thin white streaks of fat, is just as important as it makes for a juicier, more tender steak. Happy grilling!